Post
Topic
Board Economics
Re: First Bitcoin ATM in Venezuela
by
timerland
on 06/10/2019, 04:07:54 UTC
Apparently, CryptoBuyer didn't manage to install their ATM in Venezuela in the end. Their webpage points to ATMs places in Panama, but not Venezuela. I’ve read a few articles referring to CryptoBuyer’s attempt as a failed attempt, without revealing the reason.

Nevertheless, this weekend, a Venezuelan exchange called Twenty (Veinte) has installed the first BATM in Caracas - Venezuela (now for real). Currently you can purchase BTC and Dash by depositing dollars in the ATM (not Bolivares), and is allegedly not capped per operation (subject to ATM’s wallet balance). 

See: https://currencymarket24.com/venezuela-has-its-first-atm-to-buy-bitcoin-and-dash-breaking-news/

Damn, that's crazy, I thought BTC ATMS would be a huge commodity in Venezuela, especially with the huge amounts of volume they do every week, with the amount of spreads the ATMs have, surely it'll be super profitable.

We'll I'm happy it's finally happened, only just 10 or so months after it was promised to happen though, I think more BTC ATM's need to become more avaliable to us before BTC can truely get huge.